RIYADH: Gold prices were flat on Monday as a rising US dollar put pressure on demand for greenback-priced bullion and pinned it near the nine-month lows seen last week.
Spot gold held its ground at $1,741.84 per ounce at 0531 GMT.
US gold futures dipped 0.1 percent to $1,740.10.
Silver, Palladium fall
Spot silver fell 0.2 percent to $19.26 per ounce, while platinum slipped 1.2 percent to $886.22.
Palladium dropped 3.5 percent to $2,106.89 after rising nearly 10 percent on Friday.
Grains surge
Chicago corn futures climbed more than 4 percent on Monday, extending the previous session’s rally on concerns over global supplies and strong demand, while wheat rose to its highest since late June.
Soybeans jumped more than 1 percent, rising for a fourth consecutive session.
The most-active corn contract on the Chicago Board of Trade rose 4.2 percent to $6.49-1/2 a bushel at 0430 GMT and wheat added 2.5 percent to $9.14 a bushel after hitting its highest since June 30 at $9.40 a bushel.
Soybeans gained 1.4 percent to $14.15-1/2 a bushel.
Copper down
Copper prices fell on Monday as new COVID-19 restrictions in top consumer China and fears of rapid interest rate hikes leading to a global economic slowdown dent demand for metals.
Three-month copper on the London Metal Exchange dropped 2.5 percent to $7,614.50 a ton by 0544 GMT.
The most-traded August copper contract on the Shanghai Futures Exchange was down 2.8 percent at $8,652.99 a ton.
(With input from Reuters)
